Homework Help: algabra

Posted by mary burks on Sunday, June 10, 2012 at 11:42pm.

if a investor invested 1,500 in two funds one earned 4% profit the other eared 2% profit if the investor profit was 42. how much was invested in each fund?

algabra - Steve, Monday, June 11, 2012 at 11:40am
If $x was invested at 4%, then the rest (1500-x) was invested at 2%. So, adding up the interest earned,

.04x + .02(1500-x) = 42.00
x = $600

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